Daqo New Energy (DQ) Receives News Sentiment Score of 0.05

Press coverage about Daqo New Energy (NYSE:DQ) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Daqo New Energy earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.3254792111323 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

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Shares of NYSE:DQ traded up $0.98 on Tuesday, hitting $52.27. The company had a trading volume of 224,534 shares, compared to its average volume of 435,745. Daqo New Energy has a 1-year low of $18.01 and a 1-year high of $72.50. The company has a market cap of $543.27, a P/E ratio of 6.18, a P/E/G ratio of 1.02 and a beta of 1.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.66 and a quick ratio of 0.57.

Daqo New Energy (NYSE:DQ) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $3.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.77. Daqo New Energy had a net margin of 26.31% and a return on equity of 27.82%. The firm had revenue of $103.68 million for the quarter, compared to the consensus estimate of $95.25 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 124.8% on a year-over-year basis. equities research analysts expect that Daqo New Energy will post 7.26 earnings per share for the current year.

DQ has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Daqo New Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th. Tudor Pickering downgraded shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.50.

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About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

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